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Monarch Real Estate Ltd, (Licensed: REAA 2008)
Ray Mitchell Ray Mitchell

249 Dey Street, Hamilton East

Asking price $699,000

Listing Description

Listed: Mon, 3 Mar

6.17% Gross Yield Return

249 Dey Street, Hamilton East, Hamilton, Waikato

Asking price $699,000

Details

  •   5 Beds
  •   2 Baths
  •   2 Living areas
Other Features
  •   2 Separate toilets
  •   2 Studies
AttributeValue
Property type
House
Capital value (CV)
$900,000
Agency reference
RU33927
Broadband in the areaFibre, ADSL, VDSL, Wireless

Description

A versatile property presenting a lucrative investment opportunity with dual-income potential.

Situated in the heart of sought-after Hamilton East, just moments from Waikato University and offering two separate residences on title, it's an ideal choice for savvy investors or homeowners seeking additional rental income. The main home features four spacious bedrooms, two studies, and a well-appointed kitchen, blending functionality with comfort. Reliable long-term tenants currently in place are eager to stay, ensuring seamless rental continuity.

Adding to the appeal is a fully consented one-bedroom studio-a cleverly converted garage - providing a private retreat for an additional tenant. With both dwellings currently returning a combined $830 per week, this property offers a solid 6.17% gross yield return in a high-demand rental location.

Beyond its investment appeal, this property enjoys a spacious section with ample off-street parking, providing convenience for both dwellings. Zoned for top-tier schooling-Knighton Normal School, Berkley Middle School, and Hillcrest High-this is a location that attracts both students and families alike Whether you're expanding your investment portfolio or securing a home with built-in income, this is a rare opportunity not to be missed.

Contact Ray or Christine at Harcourts Rototuna for more details or to arrange a private viewing. For more information, go to: https://www.propertyfiles.co.nz/property/RU33927


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Property Files

Ray Mitchell

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Agent's details

Ray Mitchell

Ray Mitchell

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Christine Willis

Christine Willis

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Monarch Real Estate Ltd, (Licensed: REAA 2008)

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